Teleconference


STOCKHOLM, Sweden, May 15, 2002 (PRIMEZONE) -- Teleconference

We are pleased to invite you to a conference call Tuesday, May 21, 2002, 14.00, Stockholm Time to review If P&C Insurance's Q1 Report Announcement.

Torbjorn Magnusson, Chief Executive Officer, will represent If. Prepared remarks will take approximately 20 minutes and will be followed by a question-and-answer session.

The presentation will be published on If's IR web site, www.if- insurance.com.

The agenda for the call will be as follows (Stockholm Time):


 13.50 Call +44 (0)20 8240 8240 and request to be connected
       to the If teleconference 
 14.00 Review Q1 results 
 14.20 Questions & Answers 
 14.40 If teleconference call close

In case you are not able to join the teleconference you can listen to the recorded version; +44 (0)20 8288 4459, access code: 612332. The recorded version will be available until May 28, 2002.

Best regards,


 Elisabeth Wisen        Helena Dyrssen
 Investor Relations     Corp. Communication
 
 For more information, please contact 
 Media: 
 Helena Dyrssen 
 Tel:+46 8 788 2335 
 Mobile: +46 705 292 335
 
 Investor relations: 
 Elisabeth Wisen 
 Tel: + 46 8 788 24 28 
 Mobile: +46 8388 24 28

This information was brought to you by Waymaker http://www.waymaker.netThe following files are available for download:http://www.waymaker.net/bitonline/2002/05/15/20020515BIT01540/wkr0001.dochttp://www.waymaker.net/bitonline/2002/05/15/20020515BIT01540/wkr0002.pdf